Alamo Group, a manufacturer of equipment for agriculture and infrastructure maintenance, reported consolidated net sales in the third quarter 2020 were up 7.3% to $291.8 million. Sales of its ag equipment rose to $95.5 million, up 2%. Industrial equipment net sales grew to $196.2 million, up 10.1% for the quarter.

The latest episode of On the Record is now available! In this week’s episode, AGCO announced this week its intention to buy the ag assets of Boyd Co., establishing a dealership that is a wholly owned subsidiary of AGCO. In the Technology Corner, Ben Thorpe discusses John Deere’s recent acquisition of spectrum broadband licenses during an FCC auction. Also in this episode, dealers report their outlook for 2020 new equipment revenues has improved significantly from their forecast a year ago, the Ag Economy Barometer shows the number of farmers planning equipment purchases in the year ahead is growing, and Alamo reports pent-up demand is fueling its ag sales.